Binance Hack Accounts for 72.8% of This Year’s Total Crypto Asset Theft

Binance disclosed that its hot wallet was breached on October 30 at approximately 5:05 a.m. KST, with the exchange citing roughly $6.3 billion in affected funds (about 8.42 trillion won). DefiLlama recorded the incident's stolen amount at $6.36 billion (about 8.5 trillion won), making it the dominant event in a year that has seen 326 hacks and exploits totaling $8.736 billion (about 11.68 trillion won) as of November 2 — the Binance breach alone accounts for 72.8% of 2025's cumulative stolen funds. Excluding the Binance incident, year-to-date losses stand at $2.376 billion (about 3.18 trillion won). DefiLlama notes that cumulative figures sum per-incident records and do not reflect final net losses after fund freezes, compensation, or actual returned amounts. TRM Labs data on 2025 theft trends was also referenced in the report. Watch for updates on fund recovery efforts and whether the incident's final net loss figure is revised downward as frozen assets are returned.